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, republican house speaker john boehner put out this stirring call to action. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans but as americans. we want you to lead. not as a liberal or conservative but as president of the united states of america. >> mr. president, we are ready to be led. just show us the plan. that was encouraging. that seemed like we were going to have a deal, no problem. obama won the election. he'll hand them a plan. he'll make some small changes. that's how congress works, of course. pass it and we'll be done. we'll go home for christmas. not so much. president obama did hand them a plan as treasury secretary tim geithner made a special trip all the way to john boehner's office on capitol hill. he delivered the plan to speaker boehner, a plan pretty much identical to the one president obama just won the election on. you might have thought that would have been leading, the problem would have been solved. not so much. >> flabbergasted. i looked at him, you can't be serious. i've just never seen anything like it. >> so when you
. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the hig
initially had before the $400,000 offer that john boehner the white house would contend walked away from when he proposed his $1 million threshold in this situation right now. that and a priority that the president outlined a week ago on friday before leaving to join the family in hawaii saying he wanted to extend unemployment benefits for a lot of americans. 2 million plus beginning to lose unemployment benefits, beginning of the end of the this week and significant element, as well. the president indicated to reporters when he spoke in the reefing room last he was open to several smaller steps enroute to a smaller package and unclear what the steps look like but that's surely discussed in the conversation. >> vick, let's talk about the backdrop here. the congress least productive, on the pace to be the least productive congress in history. on pace to pass around 219 bills. 111th passed 383. the 110th passed 380. the harry truman congress called the do nothing congress passed 906. so they're extraordinarily productive compared to what we have now. >> reporter: yeah. >> talking about why
operated with a dictator ship of the speaker. john boehner seems to care more about keeping his speakership than keeping the nation on footing. >> john boehner's office fired back -- senator reid should talk less and legislate more. the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hur
with the brookings institution and an msnbc contributor. e.j., great to see you, as always. john boehner sits to the left of center of his caucus. can he work out a deal without inciting a full-scale revolt? >> well, we don't know that, but i think he'll have to test it. that really tells you something about how conservative the republican caucus has done. john boehner is a good conservative. what we have learned from last week is that if you give the 30 to 60, whatever the actual number was, we can't know for issue, but 30 to 60 of the most conservative republicans veto power, you will never get a reasonable solution. president obama made a lot of concessions to john boehner. a lot of liberals didn't like all the concessions he made. he limited the reach of the tax cut, changed the indexing of social security. he put that stuff in there to get republican votes. i think if john boehner -- and it would take courage, said we're going to let the whole housework its will, you can't pass a lot of reasonable bills if you worked from the center out instead of starting from the far right and see what
to this point? taking you back to last week, you remember john boehner tried to get that alternative bill through the house. his own bill. he didn't have the support to do it. it fell apart. now things are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president
by john boehner, which ultimately the republicans weren't going to go along with. but he said he would increase rates. he went to $1 million. >> yeah. >> the president mocks him publicly and said, oh, i won, and he said, oh, he wants to give tax cuts to those that make $900,000 a year. does that sound productive to you, juan or does that sound like he was rubbing it right in his face? >> you can't blame president obama and the democrats for the fact that republicans, his own republicans, abandoned john boehner, took away his power to negotiate with president obama and pretty much went home and they are still at home. it's unbelievable. three quarters of the american people think compromise. and compromise includes spending cuts and tax hikes. >> can i get a word in, guys? >> brent, the republicans passed a bill. the republicans pass it had. senate democrats haven't passed a bill in 1300 days. you have to be kidding me. >> it's much easier for the democrats to sit and file their nails and say those awful republicans. look at those awful republicans go. the democrats haven't done anythin
deal has to pass the house. we are not into the senate yet and the republican speaker john boehner plablamed the crisis one president saying he the one who has never found a way to say yes. >> so you are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, decem
at this point in time. they are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this is going to impact a lot of people. >> right. nbc's kristin welker keeping us honest at the white house. we will stand by. thank you. >> reporter: thank you. >>> joining us for analysis are two of my favorite guys, b
connell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is saying the senate needs to just take up a house pass bill that has already passed t
with the senate, john boehner, eric cantor with mccarthy and morris are saying is there are two bills the house passed to deal with the fiscal cliff that are now over the united states senate. if the senate wants to do anything with them, amend them and send them back to the house and perhaps the house will act on it. essentially what boehner is saying is we're not making any moves until the senate amends the two bills we passed over or sends a new one. what are in those bills? well, they essentially extend the bush tax cuts permanently for all earners. and then to avert the sequester and other types of cuts, they make what a lot of liberals have called draconian cuts to meals on wheels, food stamps. it goes into discretionary spending. the house passed bills are absolutely would go nowhere. and would be vee toad by president obama. so this is what we're seeing on the statement the day after christmas is while you guys figure out some solution, we wash our hands of it. >> as a follow-up, i'm putting my press secretary hat on for a second and say the response i would expect from the democratic s
at a stand still now at this crucial time with literally hours left? >> well, of course, john boehner, the speaker, has said that he wants the senate to work out a deal and that if they work one out, they will send it to the house and we will deal with it then. so, they are busy working it out. you have negotiations at the last minute i zrnt have to be this way, shouldn't be this way, anything possible, i think we will pull it out. >> why do you think that? what gives you any level of optimism, given not just today but this problem has been around for a year and a half, if not longer and nothing's been done. >> well, i've been around this place now for 24 years and the general dynamics, i think, we for some reason wait until the last minute for many of these important things and then we are forced to negotiate in good faith. i'm actually disgusted with it, because i think we should have had this a long time ago. i think the senate will come one an agreement and send it over to the house and the question is going to be will john boehner get his republican caucus to go along with him? >
house coming back sunday night. >> how is john boehner going to get the votes. he couldn't get the votes for his plan b. >> a week ago we were closer than we have been before. >> do they presume the voters are that dumb? >> they passed it. >> they did it noing that they are unable to make deals on anything. >> how about complete chaos? >> there ought to be a new rule in congress. >> you cannot create anymore artificial crisis. >> tim geithner wrote a letter to congress. we are going to hit the debt ceiling. it never ends. >> happy new year's america. ♪ >> 29 and a half hours that is how long congress will have to avoid going over the fiscal curve on sunday night. >> if we go over the cliff, mr. president, the house of representatives as we speak with four days left after today with the first of the year, aren't here. i can't mamg they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on j
cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker john boehner plan b. got scuttled. the president wants to extend the bush tax cuts and avoid some of the deep spending cuts. white house spokesperson says discussions continue between the administration and capitol hill. in july you may recall senate democrats passed an extension of the middle-class tax codes for the year. those folks making less than $250,000 per year at a cost of 157 billion. also passing the alternative minimum tax for $92 billion. mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know wh
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i think it could get through the senate. that's the only scenario i see by which we avoid going over the cliff. >> wait a minute. >> at least temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an important difference. >> we would like a bungee cord and a parachute. >> right. >> but i would like to know maybe we have neither. what do you think happens to the market, matt, in either scenario, deal or no deal? >> i can't imagine we're going to get a deal done with any sig
that john boehner and the president would discuss things, they would go back to their party. plan b, his caucus said no. things took a different turn today. we heard from a number of democrats, including robert reich on the show just a while ago, but we heard from democratic senators who said everyone is worrying about republicans saying no to this deal. there may be enough democrats to want to say no to it. is there a threat that the democrats might settle the deal? >> that is the concern. now, it's not something that the white house is opening talking about, but that is exactly why there is sort of this pressure to get this resolved right now, because there's momentum, they want to act on it fast, get it done, get it done because if we go over the cliff, democrat s will feel they have more leverage to settle the deal and draw this out into a longer battle. i will point out to you that the treasury secretary has already sent out a letter saying he's taking extraordinary measures now to extend the nation's credit because our debt limit has been reached. so we are already in this period w
issue. he gave coverage to republicans to be able to go with john boehner's suggestion. there's severe dysfunction in washington, particular dysfunction in the republican house congress at the moment. but that's another issue we'll discuss. let me bring annie lowry into this discussion. senior economic policy reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make any sense. >> yeah. it doesn't. and i think that if you look even a month or two ago, folks were talking about starting a tax reform, clean up the code, freeing up money to invest in things like education. nobody's talking about that anymore. you know, right now they're really struggling to figure out what to do with the tax cuts. and, you know, they're not even talking about the sequester very much anymore,
's agenda at the first of the year? and has this last week done damage to john boehner and the republican party? and my round table will join me, representative jason chaffetz, harold ford, jr., andrea mitchell and chuck todd. back in a moment. >>> nobody gets a hundred percent of what they want. everybody's got to give a little bit in a sensible way. we move forward together or we don't move forward at all. so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> that was the president of course. we're back with our roundtable. joining me congress jason chaffetz of utah, former democratic congressman of tennessee, harold ford, jr., chuck todd and nbc correspondent andrea mitchell. welcome to all of you. all right, chuck. we'll talk about guns in a minute. let's talk about the fiscal cliff. are we going to get a deal here? >> we're going to get a small deal. it's a shame. you wonder is the only thing that could change things, the holidays, does it change boehner's mind? does it change the president's mind? i think the pres
clear. in order for that to happen john boehner basically has to agree that he's going to get a deal out of house with majority democrat votes, and i don't see why he does that before january 3rd. >> you're assuming the president has all the leverage, and i think the president would have a horrible legacy starting out with such turmoil, so i disagree. i think there's movement on the white house side on entitlements. >> rick, you do have to accept the fact that john boehner -- goes for the deal with democratic votes. >> he's about as acrimonious and able to get a deal done as sir harry reid. >> jared -- >> bottom lines, look at the vix, at 20, barely into anything. the market is clearly saying it doesn't care. hey, listen. i run my clients' money looking at the vix with my left eye, but 20, give me a break. you've got to thrill me above 30, above 35 before any of this has anything other than very interesting. >> if we get a deal, say sunday night we get a deal, right, do the markets rally, or does it depend on what the deal consists of? >> secretly, they are going to sell off on the news.
or supposed to come up in february. john boehner made the offer to take it off the table for a year but i want to show what lindsey graham has to say over the weekend on "meet the press." >> the big chance for a big deal is that the debt ceiling. that's when we'll have leverage to turn the country around, prevent it from becoming greece and save social security and medicare and to anybody listening to this program, i'll raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from becoming greece. >> prevent this country from becoming greece. what is your reaction to that? >> absolute and utter nonsense. this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the d
on board with that and even harder to see how a bill like that is something that house speaker john boehner would allow to the floor -- allow to the house floor for a vote. so things are very uncertainty point and you're hearing a lot of pessimism as we just heard from democrats and republicans about what will happen with the fiscal cliff and whether we'll go over it. it is unclear. >> brianna, can we expect any other lawmakers to like jump in and try to -- you mentioned harry reid. what about mitch mcconnell or someone, can we expect anybody else to do something besides the house speaker and the president? >> reporter: well, at this point i think the ball is really out of the court of president obama and house speaker john boehner. obviously something would have to get through the house, but we're definitely focusing on the senate. i will tell you talking to sources that it doesn't even appear that senate majority leader reid and senate minority leader mcconnell are talking. the discussions aren't under way yet. you talk to sources on the hill and you get the sense that reid is waiting for
about the offers and the counteroffers president obama and house speaker john boehner put on the table. if you live in the game area, you're going to be reading about the cliff whether you like it or not. we at starbucks have an opportunity and i believe a responsibility to use our company's scale for good, by sending a respectful and optimistic message to our officials to come together and reach important ground. this week, through december 28th, partners at our washington, d.c., area stores are writing come together on customer's cups. i am hugely in favor of this new starbucks initiative. not because i think writing come together on coffee cups will bring anybody in washington together, i have an embarrassing coffee order, i'm hoping they will write over my order and people won't judge me. >>> i want to step back and give you five things to remember this week. think of it as fiscal cliff notes. number one, there is a giant misconception to clear up. the thing people call the fiscal cliff, it equals too much austerity too quickly. this drives me up the wall. people seem to think the
. by the way, before you come together, come back to d.c. john boehner, come on. adam: won't you come home, john boehner, won't you come home. >> these guys are off in their districts, hawaii, sipping my ties with melissa francis. adam: she is in south florida. >> let's get back to work. adam: check this out. this is the world's longest high-speed rail line which stretches 1400 miles in china. takes passengers from beijing, to, i can't say that name. thank you. me and pronounciations. i can barely get shapiro right. before the train existed the travel time was twrept hours between the two cities. now it only takes eight hours. will we ever see something like this in the united states? julie, do we need it? is it relevant for high-speed rail in the united states? >> for those of us who ride the corridor for every stuck up. adam: faster sometimes to go on the regular train. >> i love this. apparently if we had the high-speed rail, new york to d.c., god knows why you want to go to d.c. under hour which i love. americans love their cars. adam: bingo. >> china doesn't have competitive airline i
leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. >> they have all been politically messaging, not sure why they are being critical of it now. thousands of there's of your t
that no republicans block the bill. house speaker john boehner agreed to bring the bill to a vote on the house floor. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for the economy would be extremely harmful. >> reporter: and candy, as i said, those leaders are still meeting with the president. we'll see if any of them come out and speak to us after that meeting breaks up as soon as we h
right now of john boehner and president obama. john boehner from your state of ohio. there are a lot of people that say if the deal were between these two guys, it would be made. the problem is john boehner can't agree to something with president obama and then take it back to his own party. >> well, and vice versa. a year ago august the president couldn't agree to the deal he needed another $400 billion in revenue. look, if the president and senator reid and john boehner all said to me today it's written, let's put simpson-bowles on the floor, i guarantee you given the urgency we could cobble together something to solve this problem but nobody is willing to pull the trigger. everybody wants to play the blame game. this blame game is about to put us over the edge. >> the problem, of course, which you don't personally face because you didn't run for this new congress is a poll that we have that was taken very recently that says -- we asked who would be more responsible if the fiscal cliff occurs. 48% of respondents say the gop in congress. 37% blame -- would blame president obama and
who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations take place, and we heard from senator thune in mike emanuel's report a minute ago what is the reaction of the business community at this function that is on display in our nation's capitol. >> despair, anger frustration. if you go forward into 2013 not addressing spending, in fact the president wants to raise spending on struc infrastructure you go forward into next year doing that with tax increases on upper income people and some small business owners you will slow the economy down. business does not want a slower economy, it wants a more rapid rate of growth. the reaction from business to the kind of deal that seems to be shaping up, and i say that very reserved lee, their reaction istep eud at best, ev is t *erbgs pid at bess even though you have a modest rally a couple of
it's not as if he doesn't have an awfully strong hand to play. if it's a deal john boehner can accept, frankly, i think it will be passed in a bipartisan manner with a strong majority. if earn he's not neutral or favorable, his chances will be a lot slimmer. >> we will find out in the morning whether any progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest
.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell which does raise the question, whatever procedural and constitutional issues, which are profound. are you concerned as a republican, someone who is close to speaker boehner, if we go over the fiscal cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it
's a deal that john boehner can accept, it will be passed in a bipt manner with a very strong majority. if on the other hand he's neutral and not favorable, his chances will be a lot slimmer. >> lisa desjardins following the news on capitol hill. do you have any good news for us, lisa? >> reporter: the news is a little better than it was earlier today. negotiations are still happening. there was a point today where we thought there was a total breakdown. tonight it's between mcconnell from the senate and vice president joe biden. some of the last people in the building, i know, come on through, guys, if you want. there's one of the crews that -- the worker crews are starting to come into work tonight. we're the last reporting crew. all the members of congress have pretty much gone. hey, guys. the republicans in the house were meeting late tonight to try to talk about what to do, in the end this is what our producer deirdre walsh heard from them. the message is just sit tight, stay tuned and i think what we have to do, don, is find out tomorrow morning, whether there is any progress bet
thought it was a bit cynical that john boehner would put forward this plan "b." it sort of showed a lack of faith in his negotiations with the president but he put forward a plan that would increase taxes on those earning a million dollars or more per year and grover norquist to whom everybody has signed this pledge, this never increase taxes pledge, actually looked it over and said, that's all right. i can live with that. so he gave these republicans cover to vote in favor of this thing, and they didn't. what on earth is going to make these hard line conservatives happy? >> a lot of them just don't want to in good conscience vote for a tax increase on anybody, and i respect that. i think if you get a deal, ali, you're probably going to get a deal where nancy pelosi and the house is going to have to produce a hundred or so votes from her caucus because you probably got at least 50 house republicans who just don't want to vote for any tax increase. you could possible that kind of deal together and if there's any chance of this getting done, it will be that kind of deal where you get 70 vo
pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with democratic votes. speaker boehner has said that he wants to pass something ultimately that can be con by t done by the majority of the majority. >> i don't understand how you can call him a dictator when he can't get his own bill passed. that doesn't make any sense to me. if he was a dictator, he could have done it. >> what we're watching here is a lot of finger pointing. the house side wants the senate to do something. the folks on the senate side said, wait a second, john boehner is who to blame. at the white house, they're pointing their finger at capitol hill. there's a lot of finger pointing but not a whole lot of action. >> all right, eamon. thanks so much. >> you bet. >>> as negotiations continue on washington, that is a bit of an overstatement, check wall street, the fear index is spiking as the markets dr
president obama and house speaker john boehner for any kind of break through, millions of married couples facing a higher tax burden if we go over the cliff. the bush era tax law eliminated the marriage clause meaning that incomes of couples earning as little as $80,000 would be subject to taxation at the rate of the higher earning spouse. now as far as their wealth preservation strategies, a nationwide survey done by northern trust found high net worth persons, more than 5 million in assets, are much more proactive in anticipating the tax consequences of going over the cliff than those with a million dollars or less in assets. that same survey had 44% of high net worth individuals saying their top priority for the country is economic growth and reducing unemployment versus 19% who are reducing the federal budget deficit. >> all right, hampton. thank you very much. >>> the finance.yahoo.com poll puts you in the shoes of a member of congress. how would you handle the fiscal cliff? go vote finance.yahoo.com. the results are coming up. there you see your options. michelle. >>> tyler, one of
john boehner can bring his troop as long. >> we need to get this right. >> the president is not, not going to make a new offer in this meeting today. >> the dow has fallen to the new lows. >> we may still be able to reach an agreement. >>> all right cliff or not, the markets finished 2012 in good fashion. the for the year the s&p 500 up a healthy 13.4%. all right joining us now is london based cnbc's kelly evran. before she deserted me, she was a regular on this program. good year for the s&p 500. actually, judging from the numbers, the economy could be even stronger. looks like the back end got better. here is the interesting thing. business investment could be a weak spot. if it is not because of the fiscal cliff, then there is more reason to be concerned. we saw in the sentiment figures, especially in the last month, there is a clear sentiment shot. perhaps even a real spending shot for businesses. five months of slumping, the last two months showed healthy gains. consumer spending, personal income, unemployment claims are low. what do you make of that? >> that is the first t
the four congressional leaders at the white house. called by president obama, house speaker john boehner is a key figure. >> the fact that he has come back to me says that they cannot come up with some kind of agreement. -- that they can come up with an agreement. >> both sides want to avoid middle-class tax cuts. the hang up is the tax hikes on the rich. those making over $250,000 in the obama reposal or $400,000, a level that mitch mcconnell reportedly said he might be able to sel? republicans won the debate shifted. >> the talk about taxes, but what it should be about is what we want to talk about today -- the medicare fiscal cliff. >> no date to cut a day to reform entitlements by tuesday. >> if we do something right now to have long-lasting, adverse effects on economic growth, that will affect us for a long time. >> until the cliff, americans say fix the tax problem. >> it's so frustrating to see both sides so far apart. >> we should not be taxed more because they cannot work together. >> get the middle class down and figure of the rest of it come january, worst case. >> worst case?
to a compromise but they have to sell it to john boehner and fellow republicans before the deadline. >> president obama will be david gregory's exclusive guest on "meet the press" later this morning. you can watch his interview at 10:00 a.m. former president george h.w. bush is out of intensive care and said to be improving this morning. he is in a regular room at houston methodist hospital. a family spokesperson says the family thanks everyone for their prayers and good wishes. he is being treated for a cough. a lawyer for one of the survivors of the newtown school massacre says the state of connecticut didn't do enough to keep kids safe and wants to sue for $100 million. the attorney says the state failed to provide a safe setting for his clintd, an unidentified 6-year-old girl. he says after hearing gunfire, she was left with emotional scars. to howard county where police say they've cracked a string of burglaries that hit homes in columbia and ellicott city. nadia ramdass has the story. >> the alleged victim is concerned the man she accused of burglarizing her home will be on the streets agai
of representatives said, and i have it here somewhere, i don't want to be critical of john, meaning john boehner, but if you don't ever bring something to the floor without the votes. so this is what happened last thursday night where he brought this bill to the floor, his plan b, and it went nowhere. was that a major miscalculation for him? >> it was. look, denny was the speakner nea different time. he could hand out projects to districts of wavering members. and he had a very tough leadership team that went out and got the votes. boehner is not a strong leader. he doesn't have the pork and the earmarks anymore since they've been banned. and a lot of the incoming -- or the folks that came in in 2010, the tea party folks, they look at the tom delay are era and say -- >> they're both long time qulil wat capitol hill watchers, and we have to ask you are you seeing any sway now in following boehner? is he losing support? >> obviously the fact that he thought that he would be able to bring the bill last week to the floor to raise taxes on everybody making a million dollars or more and then had to pu
harry reid said. a top senate democrat as you know. take a listen. >> john boehner caring more about keeping his speakership than keeping them on financial footing. it's obvious what's going on around here. he is waiting until january 3rd to get reelected to speaker before he gets serious about the negotiation. >> okay. dana, you don't have to translate that. it's about the blame game. >> of course it's all about the blame game. >> digging through, i know you were talking about any scaled back piece of legislation would look like and reports they got from republicans and the president told mitch mcconnell that he would get the details. that's where from the perspective of republicans where things stand. the president publicly said before he left for his vacation in hawaii since everything else was deadlocked, despite everybody's efforts, because of that what he wants to happen is for the very least for congress to pass a tax cut extension for 98% of americans. his plan which he campaigned on for five years. mitch mcconnell spoke to the president as did the other leaders before the pr
. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was in
is the politics around that? >> well, john boehner, and it is important to understand that the incentive structure is different for the rank and file and back bench. if you are john boehner, you are more susceptible to the wall street pressure and the can't ter and the people who are aspiring to run for something bigger like paul ryan have a bigger ip sensitive, too. and right now, boehner wants to get re-elected speaker, and so he is trying to walk away from the deal as much as possible to not jeopardize the speakership. so he has technically thrown it to the senate. constitutionally it has to go through both houses. >> just constitutional ly. minor detail. >> and boehner is constitutionally dammed because he is getting out of it and burned too much. so if reid and mcconnell can get through the deal that is not filibustered, they have to amend a bill in the house that extends the tax cuts for everybody, and gut that bill, because it has to emerge from there, and then fill it, and hope and pray that boehner can find 30 republicans to vote for it. >> that is the story that you feel when the preside
's political theater or they have a deal. my bet is it's theater. >> reporter: speaker john boehner hasn't been able to get them to budge on a deal to raise taxes and the name calling is getting ugly. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> reporter: and it's true the senate controlled by democrats is working this week, but they're not working on the fiscal cliff. and the house won't even be back to work until sunday, just two days before the year-end deadline. then there is also the milk fiscal cliff. have you heard of that one? if congress does not pass a new farm bill by january 1st, milk prices could nearly double some say to as much as about $7 a gallon. they have until the first to get that done or milk prices go up and with the fiscal cliff, massive tax increases and spending cuts. that's the latest here at the white house, back to you. >> thank you, sherri.
and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it
polls including republicans. >> wake of house speaker john boehner's plan "b" failure, all eyes turn to senate leaders harry reid and mitch mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the benefits a week after christmas. >> it is going to be a patch. because in four days we can't solve everything. >> yet, other republicans note the president short-term fix raises some taxes, yet punt spending cuts until next year. >> i would vote for revenue, including the tax rate hike though i don't like them to get, to save the country from becoming greece. i'm not going to set aside the $1.2 trillion in cuts. >> if the president does return to washington this week, unclear whether he will come back here to hawaii for new year's with his family. joe lieberman says he expects the senate to be in session on new year's eve, working on a deal down to the wire. >> thank you, ed. markets dropped on shortened day of trading. dow fel
it was boehner and obama, they failed to get a grand bargain. john boehner was unable to pass his plan b debt reduction bill and they decided to go in another way. boehner said let's see what the senate can do. we saw senator reid and mitch mcconnell try to get a deal, that failed. now mcconnell and biden who have a very good relationship. they worked on extending the tax breaks in 2010 they are trying it. the clock is ticking. the public is going to have to read this bill and members will demand that they read this bill before they vote on it and that's why we will go over the fiscal cliff. >> great to have you here today. i know the clock is ticking. i know you're watching it closely. thank you so much for joining us. >> thank you. gregg. jon: a new report on the terror attack on our consulate in libya. who they are blaming for the deaths of four americans including our ambassador. a french court says goodbye to that country's controversial 75% tax rate on the wealthy. don't you wish you were living in france? what that means for the socialist government of that country as it vows to contin
john boehner would put that on the floor even if most republicans were not in favor of it. bill? >> okay. we're going to hope that something like that can be at the very minimum at this point. john harwood, thanks. see you later. don't worry, be happy. one of our next guests says should we go over the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you won't take our future. aids affects us all. even babies
are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >> a united states senator was arrested for drunk driving early sunday morning. idaho republican was taken to jail in alexandria virginia after midnight. he was stopped for running a red light and charged with driving under the influence. the senator has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states up to five feet of snow is expected. snow is also falling back east as well. like lake effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights in new york, philadelphia and washington. >>> the report you're about to see has very graphic images of people hurt and dying. the latest from western syria, where more than 100 people were killed today as they waited in
denny hastert would put it on the house floor. i don't get a sense that's where speaker boehner is. >> you could imagine a scenario where the house could pass an agreement that's reached in the senate, with a minority of republicans and dozens of democrats make up the difference. that would essentially be john boehner falling on his sword, diving on the grenade and giving up his speakership. you know, democrats might say this would be a great act of self-sacrifice, not the kind of thing you see in washington. there isn't any indication it's going to happen. it's worth reminding people, if we go over the cliff the world doesn't end. it gets worse the more time passes into january and god fored by february, but there's a good chance they will work something out in early january. unfortunately, the flip side, if they do a band-aid solution right now, we have the debt limit fight coming up. things are still in churn. it's not like it's black and white in the next 24 hours. >> really quickly, do you think the speaker would put a bill on the floor that he knew most of his republicans wou
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